On September 28, 2006, the Federal Crop Insurance Corporation's (FCIC) board of directors approved the expansion of the LRP insurance to include a lamb pilot program requested by the American Sheep Industry Association (ASI).LRP-Lamb is designed to insure against unexpected price declines in market prices of lambs. Sheep producers may select 13-week, 26-week, or 39-week insurance periods. LRP-Lamb is available to sheep producers in 27 states (not Maryland).
ASI is developing an online training course detailing the features of LRP-Lamb. It is expected to be available in August at www.sheepusa.org.
Source: ASI press release, 07.18.07
http://www2.rma.usda.gov/livestock/
